Dr. Amanda Liu, DrWiseMoney.com

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Today we are delighted to have Dr. Amanda Liu, creator and blogger for DrWiseMoney.com. Amanda is a PGY2 at Banner University Medical Center and her blog serves to leverage her voice as she achieves her financial goals of purchasing a home, paying off student loans, maxing out retirement savings, and becoming retirement eligible by 2023. Dr. Liu was generous enough to share:

  • how she has beaten big banks at their own game by leveraging credit cards to pay down her student loan debt and save $60,000 in interest
  • how she uses those same cards to maximize her cash in reserve and put money into retirement
  • how she was able to make $3,000 by just moving money around – this is is the first time she’s shared this publicly
  • her bad experiences with mortgage bankers and her how she’d advise others on how to find a great lender

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Dr. John Ramey, DrMoves.com

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On this episode, we are grateful to have Dr. John Ramey from DrMoves.com with us. Listen in to hear Dr. Ramey talk about the advice he gives to medical students and residents about:

  • What to look for so that you can sell your home when you are ready to move
  • Why neighborhood may be more important than the home itself
  • different strategies for renting out a room to cover your mortgage or utility costs and help protect your investment in real estate
  • What to consider if you are thinking about becoming a landlord
  • Ways for physicians to make additional income and where to find that information

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Steve Harney, Keeping Current Matters

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Josh was beyond excited to have Steve Harney, nationally recognized real estate expert on our show for this episode. He predicted the real estate bubble before others saw it coming. Steve has over 35 years experience in the real estate business and has been quoted in US News & World Report, MSN Money, the Chicago Times and LA Times. Tune in to hear Steve and Josh talk about:

  • Are we headed to another real estate meltdown?
  • Where he sees the market heading
  • Is real estate a wise investment in the current economic climate?
  • Are rents going to keep heading up or will they level off?
  • How to figure the actual return on your investment when your real estate appreciates
  • What simple question to ask to instantly know if a Realtor is the one you should keep
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Jan Miller, student-loan-consultant.com

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On this episode, we are excited to have Jan Miller, a nationally renowned student loan consultant with 20 years’ experience in working with private and Federal Student Loans, investment advising, credit card operations, and many other facets of the personal finance industry. Please tune in to hear Jan share his deep knowledge about:

  • the new Repay Program – what it is, when it will roll out and what it means for you
  • what IBR is and how it compares to the Repay Program
  • whether using Repay disqualifies you for he Public Service Loan Forgiveness program
  • caveats to the Repay program that are essential to understand
  • how to get a sales pitch free consultation with him to get your student loan questions answered

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Cynthia Hale, motherofalllandlords.com

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Join us as retired asset protection and landlord tenant law attorney, third-generation real estate investor, property manager, Josh’s business partner and mother Cynthia Hale talks about:

  • why she likes multi-unit properties (hint: diversification)
  • why real estate can be the best choice for someone with a short runway to retirement
  • why she loves real estate for the tax benefits

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Jason DiLorenzo, student loan advisory DWOQ.com

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On today’s episode we have Jason DiLorenzo, founder of Doctors Without Quarters, a student loan advisory firm that specializes in working with medical professionals, counseling them on what to do with their consumer and student loan debt. Jason talks about:

  • the difference between IBR and Pay As You Earn
  • why he advises paying the minimum required when in PAYE
  • public loan forgiveness and how to keep that option available to you
  • the definition of public service
  • when you should consider refinancing your student loans

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Josh Mettle on Freedom Formula for Physicians Podcast

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Tune in to hear Josh Mettle talk about what makes RE Investing so lucrative, what to avoid and who to assemble on your team to succeed in Real Estate Investing. Click here to listen to this episode


Eric Tait, MD, MBA – vernonville.com

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Tune in to listen to Eric Tait, MD, MBA founder and senior fund manager at Vernonville Asset Management as he talks about alternative investments as well as:

  • why he started his investment firm
  • the reasons he likes investing in real estate
  • where he feels physicians payment model is heading and why he feels creating passive income is crucial to stress levels and quality of life for doctors
  • his formula to see if a property is a good investment
  • the difference between price and value
  • what the 1 percent rule is
  • an equation to determine what you should pay for a property

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Dennis Hursh, PAHealthLaw.com

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In this episode, we are talking to Dennis Hursh, a physician focused attorney. In today’s interview, Dennis reveals why he tells his clients:

  • The standard physician employment agreement is a mythical creature
  • Don’t sign a letter of intent intending on changing the terms when you sign the employment contract
  • Don’t be afraid to negotiate – if they’ve made an offer to you, they are serious and usually will negotiate
  • The meek may inherit the earth, but they rarely obtain the best compensation packages

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Ramsey Tate, MD – CallMeDr.us

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Please join us as Dr Ramsey Tate, board certified pediatrician in pediatric emergency medicine and creator of CallMeDr.us talks to us about:

  • How to master interviews and make yourself the person they can’t afford not to have in their program
  • Mistakes many make when creating a CV and the strategies to maximize your CV effectiveness
  • Why knowing the amount you owe in student loans is crucial to your financial goals
  • Her battle with burnout and the method she developed to bulletproof herself from it and how you can do it, too

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Lawrence Fassler, JD, MBA, realtymogul.com

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Listen in as Lawrence Fassler, JD, MBA, reveals what make realtymogul.com a great investment opportunity for accredited investors and why:

  • You can diversify into smaller minimum investment amounts across lots of different properties and across lots of different geographies
  • The ability of smaller investors to conveniently access deal flow enables run-of-the-mill accredited investors to invest in larger or higher-level real estate projects than were possible before
  • What is a debt offering and what are the advantages and what is an equity transaction and what are the advantages
  • What returns are typical for debt offerings and for equity transactions

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Steven Podnos, MD, CFP – wealthcarellc.com

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Tune into to hear Dr. Steven Podnos, principal of Wealth Care LLC, fee only investment advisor and physician share his wealth of experience and knowledge about:

  • The tricky way some financial advisors mislead about fees and the difference between fee only and fee based practices.
  • Common physician retirement planning mistakes
  • What to do if your retirement plan is high cost and underperforming
  • Common mistakes physicians make when protecting their assets and how to avoid them

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Dave Denniston, CFA – daviddenniston.com

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We’re talking with Dave Denniston, physician focused financial advisor and he reveals 7 Secrets to Reducing Taxes for Doctors, including:

  • Why contributing to your employer sponsored retirement plan is essential and how much that will save you in taxes
  • What overlooked strategy many hospital employed docs miss out on
  • Why utilizing your HSA plan is a no brainer
  • How having 1099 income in addition to your employment income can result in great tax deductions

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David Burd and Jim Hemphill – triage-md.com

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Listen as Jim Hemphill and David Burd let you in on what they’ve discovered about working with physicians:

  • Why deferred gratification plays such an important role in how physicians spend and why having both spouses or partners buy into the financial plan is crucial
  • How the habit of competition can influence money decisions and how changing the game you decide to play can really impact your bottom line and outcome
  • What is the inflection point and why choosing your lifestyle at that point is so important
  • What are the 7 strategies and how can you use them to retire wealthy

Josh Mettle: Hello and welcome to the Physician Financial Success Podcast. My name is Josh Mettle, and this is the podcast dedicated to advising physicians how to avoid financial landmines. Today, we’ll be talking with Jim Hemphill and David Burd, authors of Changing Outcomes: A Financial Recovery Strategy for Peak Career Physicians, as well as Pay Yourself First: A Financial Guide for Doctors Entering Practice. Jim and David also are the principals and founders of TGS Financial Advisors, an independent advisory firm focused on helping
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Garrett Gunderson, Best Selling Author

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Today, we’ll be talking with Garrett Gunderson, self-described money nerd and founder of Freedom FastTrack based in Salt Lake City, Utah. Garrett is also the author of Killing Sacred Cows, a New York Times bestseller. He’s been featured in the Wall Street Journal, New York Post, American Chiropractor, Dentaltown, and too-many-to-name other publications. Garrett is also insanely passionate about personal finance, and I’m 100 percent certain he’s going to be able to challenge our beliefs and teach us something valuable today.

In this episode, Garrett reveals:

  • Why knowing where you’re leaking money and what fees you may not realize you are paying is so important to your bottom line
  • What the accumulation theory is versus the utilization theory, and how that can have a huge impact on your enjoyment and quality of life
  • Why focusing on the numbers in your retirement account can be dangerous to your financial life
  • How knowing the difference between debt and loans is important in shifting your relationship with using a loan to accumulate equity
  • Why he thinks you should invest in alignment with your investor DNA and core values and what investor DNA is
  • Where to go to get your finance questions answered by a bunch of money nerds

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Travis L. Bowen, Esq., bowenlaw.com

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Travis Bowen is president and founder of Bowen Law and received his law degree, cum laude, from Brigham Young University. In 1985, Travis founded Bowen Law, and over the last three decades, he’s focused on designing and implementing advanced tax and estate planning strategies for high net worth individuals. Travis talks about the importance of having a system to coordinate all the moving parts involved in a physician’s tax, legal,insurance and asset protection life. Travis stressed the importance of:

  • Having the end in mind whatever the venture is and then build the plan to reach that goal
  • Making sure you have a plan in place to maintain your risk management
  • Building a wall between investments and personal assets so they are not at risk in the event of a liability

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Philippa Kennealy, MD – EntrepreneurialMD.com

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Today we spend time with Philippa Kennealy, founder of The Entrepreneurial MD. Dr. Kennealy is a former practicing family doctor and physician executive who now coaches physicians (and other professionals) to help them make the leap into becoming entrepreneurs. Philippa shares great information, including:

  • How getting a handle on the inner game is crucial to your success and being able to begin fulfilling your vision
  • What 3 common challenges physicians struggle with when attempting to make the leap into entrepreneurship and how to overcome them
  • Why creating a communication and mediation agreement is essential before partnering with others
  • Why she feels getting an MBA is not necessary for doctors who want to start their own business

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Eric Halvorsen – UMAFS

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Our guest today is Eric Halvorsen, Certified Financial Planner and MBA from the Utah Medical Association Financial Services or as they’re more commonly known UMAFS. Eric and the UMAFS team offer physician specific financial planning and investment advice. We dive deep with Eric and talk about:

  • Why he likens one’s financial life as a marathon, and why he sees dedication and consistency as crucial to your financial goals and success
  • What the DALBAR Study is and why the findings about emotions and logic are relevant to you in your investment strategy
  • What an investment policy statement is and how that can keep you on track and working towards your investment and financial goals
  • Why UMAFS likes Dimensional Funds and how they can be a great tool to help you in your investment goals as well
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Dr. Arlen Meyers – The Society of Physician Entrepreneurs (SoPE)

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Dr. Arlen Meyers is the CEO of the Society of Physician Entrepreneurs or SoPE. Arlen is also a professor at the University of Colorado – Denver. He is the founder of four companies, consults for several life science, IT, and investment firms, and in 2011 was named one of the 50 Most Influential Healthcare Executives of the Year.

Do you have brilliant ideas that could revolutionize healthcare and patient’s lives? Have you wondered how you can do more than patient care and contribute more to your profession and feel even more satisfaction? Have you wondered how to bring your ideas into reality and get them to patients? Listen as Dr. Meyers talks about:

  • How the Society of Physician Entrepreneurs or SoPE can help you get your ideas into reality and to patients more quickly and efficiently
  • What the gaps are in getting innovations to market and how connections and how the Society facilitates those connections
  • What a portfolio career is and why you might consider one
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Ben Utley – Physician Family Financial Advisors

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Ben Utley is from Physician Family Financial Advisors. Ben specializes in helping doctors and their families stop worrying about money and start taking action towards a lifetime of financial security. Ben is a certified financial planner with 20 plus years of experience, featured in the New York Times, the Wall Street Journal, Medical Economics, Physician Practice, and many more. Ben taught us about:

  • The three Ts – time, training, and temperament and how those can hinder or enhance physician’s management of their personal finances
  • Why investing is one of the last things to do when starting your financial plan, not the starting point.
  • How to get your kids on a solid financial path when they are young
  • His crucial advice for physicians transitioning into higher incomes and what mindset to adopt to ensure your financial success
  • Why having a vacation budget is so important for physicians and their families
  • His two checking account system for protecting your identity and keeping your money safer

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John Collins – GL Advisor

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John Collins is from GL Advisor, an advisory firm designed to help graduate students and young medical professionals fully understand their options, make better decisions, and implement solutions pertaining to student loan debts, as well as offering financial planning and professional investment advice. John spoke to us about the often hard to decipher student loan subject, and he made it clear and easy to understand. John helped us to better understand:

  • How to repay your student loan debt strategically
  • What Public Service Loan Forgiveness is and how you can take advantage of it
  • Gives a clear explanation of Income Based Repayment and Pay As You Earn
  • Reveals what happens with interest and how is that all deferring and accruing while you’re in the Pay As You Earn program
  • What changes he sees coming to Federal loan forgiveness programs and how that might affect those currently in IBR or Pay As You Earn

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Dr. Doug Carlsen – GolichCarlsen.com

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Doug Carlsen, D.D.S. retired at the age of 53 after 25 years in private dental practice and clinical lecturing at the UCLA School of Dentistry. Doug is now a writer, speaker, and business and personal finance consultant to physicians, dentists, and other medical professionals. Doug shared some of his best advice for dentists and physicians:

  • The 3 major keys to wealth
  • The importance of compound interest and having a clear savings plan
  • The 6 personal habits of super saver dentists and how you can adopt these and improve your financial health
  • The 3 big financial mistakes to avoid in your 30s and 50s – including the one mistake that can add 5 to 10 more years of work to getting to the goal of retirement. Avoid this one or find a way to minimize its impact!

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Todd Gulinson – Homes4Doctors.com

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Todd Gulinson of Re/Max Fine Properties in Arizona specializes in providing relocation and real estate advice for relocating medical families throughout the Phoenix and Scottsdale area. Todd came and shared with us some great tips on homebuying for physicians, including:

  • Why the unique stresses physicians face make it imperative doctors find a Realtor and loan professional who understands the time constraints, location importance and all the moving parts involved
  • How to recognize if a Realtor has the efficiency and expertise to guide you to a flawless home purchase
  • Why he says you are actually buying two things when you buy a home
  • How mapping out the hospitals you will work out with neighborhoods can make finding the right home much easier
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Jake Breen and Spencer Janke – UtahPhysicianHomes.com

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Jake Breen and Spencer Janke, real estate advisors with Prudential Utah Real Estate specialize in providing real estate and market advice to physicians who are relocating to the Salt Lake City, Utah area. These guys know Salt Lake City and the needs of physicians and they talked to us about:

  • Where the Salt Lake market has been, where we are right now, as well as where the market is heading
  • How they have mapped out drive times to the hospitals, recreational areas and restaurants in the area and why that is so important to residents relocating here
  • The five things that make them uniquely qualified and experienced to serve physicians in Salt Lake City
  • What the relocation package includes that they have teamed up with us to offer to relocating physicians and how that can make your home search much more enjoyable and less stressful
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Paul Larson – Larson Financial Group

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Paul Larson is CEO of Larson Financial Group, one of the nation’s largest doctor exclusive financial advisory firms and serves over 4,500 physicians and dentists nationwide. Paul shares how he began working exclusively with physicians. He shared:

  • Why his company has a foundation that goes to impoverished areas and employs people and how that has benefited their physician clients
  • How his group is able to employ a holistic approach and help with many aspects of a busy doctor’s financial decisions – car buying or leasing, contract negotiation, home buying, and taxes to name a few
  • What DFA funds are and how they can minimize risk, lower fees and get a good return
  • Why the habit of saving money early on is important
  • How his company’s book Doctor’s Eyes Only can guide you through the process of financial planning

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Dr. David Phelps – Freedom Founders

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Dr. David Phelps is a dentist by training and now runs Freedom Founders, a professional investment group that teaches small business owners like private practice doctors and dentists the Freedom Formula. Dr. Phelps has a touching reason why he cares so deeply about teaching other professionals how to change their mindset from a lone ranger point of view to an entrepreneurial point of view. He also spoke with us about:

  • How he got off the hamster wheel – twice – and built passive income streams that enable him to do what he wants and to practice dentistry, or not
  • The importance of having a reason why and the tremendous power that gives you
  • How taking small steps building within your practice and leveraging other people’s time and resources and making it work for you
  • How to gain time freedom as well as financial freedom
  • How having a mentor can help you to shift your mindset to benefit you

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Linda Chain – Prudential Americana Group

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Linda Chain is a professional real estate advisor from Prudential Americana Group and specializes in relocating physicians and their families who are moving to the Las Vegas area. We got spend a bit of time talking about why finding a Realtor who knows the details of relocating physician clients is imperative. Linda also shared:

  • Why having a team working for you makes your transition smoother
  • How to verify your lender’s reputation
  • How a credit and income approval differs from a pre-approval and why pre-approval is not enough
  • How selecting the right Realtor who is proactive can reduce the stress of home buying and relocating
  • How her relocation reports can focus in on the right home for you

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Darrell Armuth – Sensible Portfolios

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Darrell Armuth is a financial advisor who is married to a dentist and has advised quite a few dentists and physicians on how to grow their retirement nest egg while minimizing risks and keeping fees to a minimum through using smart funds. He talked to us about:

  • What a smart fund is and how through their simplicity they are transformative
  • How diversification with smart funds reduces risk
  • The lower cost of smart funds
  • How through using smart funds you are investing globally

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Jon Appino – Contract Diagnostics

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Jon Appino founder of Contract Diagnostics which specializes in translating complicated physicianemployment contracts into plain English. There is a real significant need for this service and Jon taught us some mind opening info, like:

  • How not knowing what your contract specifies can cost you
  • What the Contract in English is and why it is important
  • How his service differs from a typical attorney’s contract review and why you should care
  • What the cost for a Contract in English is and the different packages he offers
  • How the devil is in the details of your contract
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Konstantin Litovsky – Litovsky Asset Management

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Konstantin Litovsky of Litovsky Asset Management specializes in providing small business owners like private practice doctors and dentists and is one of the tiny number of advisors who provide flat-fee comprehensive retirement plan services. Konstantin is one brilliant guy and he talked to us about:

  • How medical professionals are penalized by asset-based fees and the astronomical amount he estimates asset based fees steal from your wealth over time
  • How his math background and engineering background helps him to consider his clients’ finances as a system with many moving parts, and how all parts of the system have to work together
  • His 5 Point Investment Plan that lays out very basic guidelines that you can use to keep more of your wealth and allow for better planning opportunities for your retirement
  • The myths and realities of investment management and why knowing these will blow your mind

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Dr. James Dahle – White Coat Investor

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Dr. James Dahle, editor of www.whitecoatinvestor.com and the rising star of physician financial advice and straight talk about success was kind enough to share his time and expertise with us and talked to us about:

  • What got him so interested in getting a financial education and why he shares that knowledge with other docs
  • How med students can minimize student loan debt and why that is so important
  • Insurance and why it is imperative that you have the right kind
  • The importance of creating profitable habits for your success
  • His new book The White Coat Investor: A Doctor’s Guide to Personal Finance and Investing

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Alisa Le – Pacific Advisors

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Alisa Le, financial advisor at Pacific Advisors specializes in advising dentists and physicians. Is keeping your financial papers and legal affairs organized and easy to access an issue for you? Alisa talks about her system for that and her philanthropic ventures and also talked to us about:

  • How the Living Balance Sheet can help you organize and strategize with all your legal, tax, mortgage, and banking advisors to get the most from their services
  • The difference between net worth and high income
  • How the Life Visions process can help you create a wealth strategy to accomplish your highest vision

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Dan Hulverson – Fitness Guru

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Dan Hulverson, fitness guru, talks to us about something even more important than your finances: your mental health and your physical health.Have you ever wondered how to get fit, stay fit and stay motivated about your health? Dan shares his hard learned secrets about that and:

  • How to plan your week so that you are intentional about your nutrition
  • How to get moving if you only have 15 minutes to work out in
  • The tools he uses to work out and stay fit, even while on the road
  • How to use accountability to keep your fitness goals on track

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Dr. Dennis Bethel – NestEggRX

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Dr. Dennis Bethel is the founder of NestEggRx, a real estate investment firm with the mission to help doctors and other health professionals diversify into real estate without any of the management headaches. Dr. Bethel is passionate about real estate and teaching others how to reach their goals. He tells us:

  • Why he perfected his system to educate other professionals about the advantages of commercial/multifamily real estate investing and what got him started down this path
  • How to get into larger multimillion dollar commercial properties with direct fractional investing
  • How to avoid management headaches most people struggle with in real estate investing
  • The five different ways to make money in real estate investing
  • What to look for before investing your money with a real estate investment firm

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Reese Harper – Aquire Advisors

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Reese Harper, founder of Aquire Advisors is a financial service provider who specializes in serving general dentists, oral surgeons, and specialists. Have you ever worried about how steer clear of financial scams? Reese taught us a few things about that and also gave some great tips on:

  • The 7 BIG mistakes private practice dentists and physicians are making and how to avoid them
  • Why using an independent financial advisor is crucial
  • What the balanced approach to paying off debt is and how to apply it in your life
  • How physicians and dentists can avoid being defrauded like Bernie Madoff’s clients were

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